Medco Energi: Undervalued?

Medco Energi Internasional (MEDC) is among the best performing stocks with 96.2% gain year-to-date. Still, at the current price, MEDC has market capitalization of US$650 million only, way below its equity as at March 31, 2017. The stock is now traded with PE multiple 3.7 only on annualized earnings in the first quarter of 2017.To subscribe please click here